China - Latest news GMK Center

The production index in the steel industry decreased by 1.6 percentage points for the month

The plan defines the strategy for the development of the steel industry in the region for the next two years

The decline in the profitability of steel production in the country may continue until the end of 2023

These measures may affect the work of steel enterprises

Currently, there is a balance between supply and demand on the market

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.42 kg/t

There will most likely no longer be an order from the Chinese authorities to reduce production, but steel mills are voluntarily reducing output

The pace of work of plants may encourage them to replenish raw material stocks

Mainly this will happen through production control and energy saving measures

There were no official reports on control measures

Limited support for the market will be provided by increased demand in India after the monsoon season

During the month, Chinese enterprises imported 10.82 million tons of coking coal